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Newspaper
The Pocatello Tribune
Location
Pocatello, Idaho, United States of America
Date
Mar 23, 1925
Page
8
Chicago markets rally as ocean freight wheat supplies shrink by 3,806,000 bushels. May futures move to 1.69 to 1.71, while July and September slips amid drought pressure and selling. Corn and oats weaken. cattle and sheep receipts show mixed to firm patterns across Kansas City and related markets.
Stocks fell to year’s lows as selling dominated early trading in New York on March 23. Major issues dropped 3 to 10 points while U S Cast Iron Pipe and American Car Foundry lost notable amounts and volume reached about 707000 shares in the first two hours.
Hog receipts total 52 000 with slow uneven demand early sales to shippers and yard traders steady overall. Cattle receipts 14 000 beef steers and yearlings up to 25c higher with light heifers improving, stockers active, cows mixed. Sheep receipts 13 000 slow with fat lambs around steady and feeding sheep and lambs active.
In Omaha on March 23 the hog market showed slow activity with bids around 25 cents lower. Weighed 200 to 200 pounds fetched 13.66 to 13.75, top 13.85, with 150 to 200 pounds mostly 13.00 to 13.50 and lighter hogs down to 12.50. Packers doing little amid heavy selling and sow prices easing to 13.75–13.00.
Hogs receipts at St Joseph 6 500 and cattle 3 500 held steady with mixed bids. top hog price 13 85 while bulk traded 13 49 to 13 70. Cattle included steers 10 75 top, cows and heifers around 10 00, calves 4 00 to 9 50, stockers 5 65 to 8 25. Sheep 6 000 seen steady to 25 higher with lambs 14 60 to 17 00 and ewes 9 00 to 16 00.
New York reports raw sugar at 47-8e for spot with no sales. Futures firmer on coverage by commission houses, midday prices up one to four points. Cuba sugar output to March 15 estimated 2,665,896 long tons, vs 2,322,569 a year ago. Refined demand unchanged with prices 6.60 to 6.20c. refiners accepting business below list. refined futures nominal.
Chicago potato prices drift lower with 169 car receipts and slow trading. Wisconsin round whites mostly 1.05 to 1.10 a hundredweight, Minnesota Red River Ohips around 1.25, Idaho russets 2.30 to 2.50. shipments last weekend totaled 985 cars.
The Idaho Falls bureau reports a quiet potato market Friday and Saturday with few sales to establish price levels. Russets sold around 1.45 to 1.50 per sack, Rural Russets near 1.00 and 1.25 for built Russets. Wagonload demand moderate but slow, 69 carloads shipped, most to out of state. 19 to Ogden and 11 to Denver.
Berlin reports the Reichsbank 1924 annual results show a gross profit of 307 million marks and net profit of 122 million marks with 55 million to the federal government. It proposes a ten percent dividend. The bank lists 46 380 individual accounts, more than double prewar totals. Dr Helmar Schacht says German industry has only about one fifth of prewar liquid capital. Private banks cannot meet credit demand, driving borrowers to the Reichsbank which remains relatively restrictive in lending.
Advice urges formation with a local building and loan association. Save funds, consult regularly, and avoid financing a home on a shoestring as costs erode value. More cash improves buying power and favorable terms.
New York on March 23 reports bar silver at 68 percent purity and Mexican dollars valued at 52.
Portland witnesses testifying in a hearing on wool transport rates from the Pacific coast to eastern markets. J B Campbell of the Interstate Commerce Commission and Examiner Falli r will weigh evidence from a hearing in Towan and a Chicago session. Proposals seek through rates and bill of lading reforms to lower port charges and marine insurance, aligning rail rates with the ICC's eastbound orders.
Opening trading saw heavy selling as prices fell across many blue chips. U S Steel and Bethlehem Steel led declines, with Atlantic Coast Line and IBM among others hitting new yearly lows as total volume reached about 1.5 million shares.
New York March 23 foreign exchange quotations held steady in cents with Britain at 4.77 percent and cables 47816, France 5.20 percent, Italy 4.06 percent, Belgium 5.0644, Germany 23.80, Hol land 39.84, Norway 15.52, Sweden 26.93, Denmark 18.11, Switzerland 19.2714, Spain 14.27, Greece 1.63, Poland 19 percent, Czecho Slovakia 2.96, Yugoslavia 158 percent, Austria 4014, Romania .481, Argentina 39.62, Brazil 11.20, Tokyo 41, Shanghai 74, Montreal 99 29-32.
The report covers extensive tornado disaster relief in Illinois and surrounding states. It lists casualty figures with Illinois bearing the highest deaths and mentions sheltering in tents, feeding 5 000 people, and ongoing funerals. It notes fires in ruins, incineration losses, and relief efforts led by Dr Bundesen and officials.
Pittsburg Kansas March 23 Ten children were made or less a today when Antone fed i Nor sleep Mis the t the wae to inven oman.
A. Hinckley and W. Ingling returned from a weeklong trip through Jackson Hole with a wagon drawn by four horses and a seventeen pound Mackinaw trout. They reported over 9 000 elk and four moose sighted, heavy snow and 8 to 12 feet of snow near Lewis Lake, and praised the winter scenery while cautioning against winter travel to Moran.
Rehabilitating towns in southwestern Indiana faced rising flood peril as Wabash and Black rivers flooded Griffin isolating the area. Uprooted residents used skiffs to reach supplies while insurers counted about $1,000,000 in policies and total property damage hovered between $2,000,000 and $3,000,000 with many injuries unreported.
B F Hailbert seeks information on fish and game matters and will call at The Tribune office for details. The funeral for Benjamin I Brown, who died Saturday, will be Tuesday at 2 30 pm from McHan Chapel with Rev George Sloan officiating. Interment at Mountainview. Portneuf lodge No 18 A F and A M will conduct grave services.
Gosatos Frutos died Saturday at a local hospital. His wife and baby have arrived in the city from Lavon Montana. The body is in the care of McHan Undertaking Company. Funeral arrangements to be announced later.
The funeral for infant Robert Larson, son of Mr and Mrs W B Larsen of 435 West Day Street, was conducted at noon in the Third Ward L D S church under Bishop Horsfall. The body was shipped to Logan Utah for interment by Schumacher and Hall local undertakers.
John Pellum died at a local hospital after a two week illness. He formerly lived at 268 Randolph Street. Funeral services will be held at 2 p.m. tomorrow from the Fourth Ward L D 8 church under Bishop Bradley. Interment will be in Mountain View Cemetery. Schumaker and Hall are in charge of arrangements.
H E Coles president of H B Coles and Co announces the addition of George Oxnam a noted mechanic from Ogden Utah to their staff. Oxnam is regarded as one of the region's best experts and is a brother in law to Fire Chief A B Canfield.
Arline J Reese six year old daughter of Mr and Mrs Josiah Reese died at home yesterday. Survived by parents and brother Albert. Funeral tomorrow at Third Ward L D B church under Bishop Horsfall. Remains may be viewed at home until noon tomorrow. Interment Mountainview cemetery. Arrangements by Schumaker and Hall. Robert Carter and Charlie Aldred are on two weeks vacation fishing trip.
Murphysboro faces tornado and fire damage far beyond 3 million with some estimates at 10 million. Pastor H. T. Abbott shares reports of orphaned cards and a 890 dollar check found on his parsonage porch. A farmer receives a 3.50 check with ten dollars wrapped around it.
The president and Mrs Coolidge came back to the White House after an overnight cruise on the Mayflower. Guests included Mr and Mrs Dwight Morrow, Secretary and Mrs Kellogg, Attorney General Sargent, Senator Curtis of Kansas, and former Governor W W Stickney of Vermont.
Lima reports heavy rains and river overflows cause severe damage in Peru. Rail traffic to inland areas may be interrupted for a month as crews assess the destruction and clear flood debris.
Paris officials said they knew of no major Turkish troop concentration near Mosul despite Geneva dispatches. The boundary in the oil district area remains contested between Turkey and Great Britain.
M W Williams chairman of the Y M C A physical education committee announces a moon luncheon on Friday March 27 1925 at 12 15 noon at the Y M C A building. The committee will discuss financing the Y M C A and plans to expand the swimming program and reduce costs with a new filter. New committee members will be considered and R R Wolfe Y M C A general secretary will outline how the committee can help.
Reports from Shw hai and Consu indicate Ta fu in western Yunnan was wrecked by fire and an earthquake on March 16. No foreign casualties were reported though damage estimates are unavailable.
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